■ It is permissible for the Institutions to provide banking services that do not involve interest-based lending and borrowing, because such services serve a permissible interest of the clients.

■ Institutions may charge fees for providing banking services, because the fees so charged constitute a remuneration which the Institutions deserve for the tasks they perform, since it is permissible in Shariah to get reward for performing tasks that result in permissible benefits to others.

« Appendix A - Brief History of the Preparation of the Standard Stipulations and Ethics of Fatwa in the Institutional Framework: Scope & Shariah Ruling »